Scottsdale, Glendale Commercial Land Parcels Sold for $6.3 Million in Two Deals

Two separate commercial land transactions totaling 19 acres, one in Scottsdale and one in Glendale, sold for a combined $6,294,390. Lee & Associates Principals Robert Kling and Dave Johnson negotiated both
sides of each deal.

Bob Kling

An 11-acre parcel in the D.C. Ranch Corporate Center, 17492 N. 91st St., Scottsdale, sold for $4,350,000 or $9.10 per acre. The buyer was CH Realty VII_WPC, I Phoenix and the seller was SWVP DC Ranch, LLC, Scottsdale. A 8-acre parcel at the SEC of 107th Ave. & Northern Ave., Glendale was sold for $1,944,390 or $5.50 per SF. Swire Pacific Holdings, Inc., Draper, UT purchased the property. AZ Investment, LLC, Omaha, NE, was the seller. This property will be used for an expansion for the Coca Cola bottling plant in the
Glendale Airport.